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1321 Shetland Road Plano, TX 75093

4 Beds 3 Baths 2,580 sqft Built 1983

$570,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $220.93
  • 1 Days on Market
  • MLS # : 14501970
  • Updated Date : 01/24/2021 at 00:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,580 sqft
  • Baths : 3 full
Listing Agent

Yst Realty

Listing Agent's Description

Meticulously Updated Single Story in Old Shepard! LvRm features warm real hard floors & stunning stacked marble see thru fireplace. LV is open to Kitchen & Fm Dining Rm.Gourmet Kitchen features quality 42in cabinets, granite, glass backsplash, all new SS appliances. GameRm has cozy fireplace, door to patio & wet bar. BdRm 4 off GmRm has updated Full Bath with shower. Master BdRm has hardwoods, door to patio, & gorgeous Ensuite Bath with freestanding tub, granite, & huge shower with shower tower. 2 Secondary BdRms share updated J&J Bath. Covered patio out back has extended saltcrete pad. Freshly stained 8' fence. Roof 2018, LowE Windows 2021, All HVAC 2021, fresh paint 2021, carpet 2021.3D Virtual Walk Thru!

SEE MORE

MARKET HIGHLIGHTS

  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)

PRICE & RENT TRENDS

Neighborhood: Old Shepard Place

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $123k747k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Old Shepard Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263346

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Huffman Elementary School Primary Regular 514 36 3
Renner Middle School Middle Regular 1,263 73 7
Plano West Senior High School High Regular 2,896 165 7

Huffman Elementary School

  • Education Level: Primary
  • # of students: 514
  • # of teachers: 36
3
GreatSchools Rating

Renner Middle School

  • Education Level: Middle
  • # of students: 1,263
  • # of teachers: 73
7
GreatSchools Rating

Plano West Senior High School

  • Education Level: High
  • # of students: 2,896
  • # of teachers: 165
7
GreatSchools Rating
 

$513,000$627,000$570,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$1,980
Property Tax -$970
Property Insurance -$176
HOA -$43
Property Management Fees -$99
CASH FLOW
-$448

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$570,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 3.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,800

INVESTMENT

$156,800

Down Payment
$142,500
Rehab Estimate
$5,750
Closing Costs
$8,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,980

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $142,500
Loan Amount $427,500
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,136

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,820

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,812

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,6003$2,6504$2,8205$3,300
$3,300
RENT COMPS ANALYSIS
  • 1321 Shetland Road Plano, TX 4
    • 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $1.09
    •  
  • 6079 Willow Wood Lane Dallas, TX 1
    • 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 1992
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.01
    •  
  • 5525 Anglebluff Place Plano, TX 2
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1981
    property image
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.04
    •  
  • 5938 Smoke Glass Trail Dallas, TX 3
    • 4 beds 3 baths ∙ 2,407 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,407 Sqft ∙ Built 1987
    property image
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.10
    •  
  • 1512 Watch Hill Drive Plano, TX 5
    • 4 beds 3 baths ∙ 2,718 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,718 Sqft ∙ Built 1988
    property image
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.21
    •  
PROPERTY LISTING DETAILS
Eric Schmalzried
Yst Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14501970
Last Updated: 01/24/2021
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